The FRED Report

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The Fred Report - Monthly May 2018

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Oil seasonal weakness may be over – the seasonal bottom is the May/June time period. Our favorite broad-based Commodity Index ETF, DBC, is at 17.50, our first target, along with oil. Targets are 22 if this can stay above 17.50. Watch oil and DBC carefully –Oil has signs of a seasonal bottom, and it is May/June when this occurs.



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